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Ali
Ali is a 43-year-old married father of three children. He has been working in selling shoes for 16 years. In 2006, he opened his current shop and is working hard to develop it and increase its capital.

His friend provided him with the necessary experience at the beginning, then he became skilled in this domain.

Ali is acquiring a loan from Kiva partner Al Majmoua to increase his business merchandise with a new winter collection and to be ready for the Christmas celebrations. This will be his forth cycle as an Al Majmoua borrower with a good paying back history.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 55
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,000 helped Ali to increase his business merchandise with a new winter collection.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
N/A
Expired:
Jan 12, 2014